Answer on Other Management Question for John

2012-09-04T11:44:23-0400

Question #14194

2. If the spot rate of the Israeli shekel is 5.51 shekels per dollar and the 180-day forward rate is 5.97 shekels per dollar, then the forward rate for the Israeli shekel is selling at a ________________ to the spot rate.a. premium of 8%b. premium of 18%c. discount of 18%d. discount of 8%e. premium of 16%